A wallet linked to Ethereum co-founder Joseph Lubin transferred 80,001 ETH valued at about $121.6 million on June 6 after more than three years of inactivity. The address still holds 243,300 ETH worth roughly $370 million, and there has been no on-chain sign the funds were sent to an exchange or sold. The move comes as ETH is down nearly 24% over the past seven days and traded around $1,539 at press time.

A wallet associated with Ethereum co-founder Joseph Lubin moved 80,001 ETH worth about $121.6 million after more than three years of inactivity, fueling debate over a possible sale. The address previously held 243,300 ETH (about $370 million), and the transfer represents roughly 67% of that balance. While the move has been interpreted as potential sell-side activity, it remains unclear whether the ETH was sent to an exchange.

Crypto markets weakened as spot Bitcoin ETFs saw about $2.05 billion in net outflows between June 1 and June 5, while total market cap fell to roughly $2.1 trillion. Bitcoin traded near $60,600 and Ethereum dipped below $1,600, with ETH down more than 22% over the past seven days amid liquidations and a Fear and Greed Index reading of 13.

Cardano has come under heavy selling pressure, with ADA down more than 30% over the past seven days and trading around $0.1568 after a 16% drop in the last 24 hours. In a June 5 post, Alphractal founder Joao Wedson highlighted $0.1097 (Thermo Price) and $0.03478 (Delta Price) as key downside levels, while suggesting $0.05–$0.10 could be a notable accumulation zone if bearish pressure persists.

Bitcoin dropped to $59,073 on Friday, marking its lowest level since October 2024 before rebounding toward $60,000. The move followed a strong U.S. jobs report that pushed expectations for higher-for-longer rates and pressured risk assets. CryptoQuant data showed total Bitcoin demand at -501,000 BTC for this cycle, alongside a 16% weekly decline tied to ETF outflows.

Worldcoin (WLD) extended its rally to $0.63 before pulling back, with price down 28.68% over the past 36 hours and an 8% correction over 24 hours. Despite the drop, the daily and 4-hour structures were described as bullish, with $0.43 holding as a key level; a move below $0.376 would invalidate the near-term setup, while a daily close under $0.275 would negate the higher-timeframe uptrend.

Bitcoin dominance has struggled around the 60% resistance area after roughly two weeks of steady outflows, as flows appear to shift selectively into certain altcoins rather than a market-wide surge. On-chain signals cited in the report include an Altcoin Season Index jump of nearly 70% over the same window, while ETH/BTC is down nearly 7% this week despite about $92 million in ETH whale accumulation.

Etherfi and Plume have introduced Etherfi Liquid RWA, a real-world-asset vault aimed at eligible stablecoin users seeking institutional-style yield through regulated vault infrastructure. The vault is live in the Etherfi app with a $25 million initial cap and sits within a planned $100 million deployment into Plume's RWA platform. The first allocation includes exposure to Blackrock iShares AAA CLOA, Fidelity Total Bond ETF (FBND), and a FalconX credit pool, with Liquid RWA also usable as spend collateral at a 70% loan-to-value ratio via Etherfi Cash.